Housing Wire

FEBRUARY 23, 2022

Mortgage applications decreased 13.1% 18 to the lowest level since December 2019, as mortgage rates eclipsed the 4% mark. The Mortgage Bankers Association ‘s seasonally adjusted refi index fell 15.6% retail residential mortgage applications. for the week ending Feb. the previous week. VA apps rose to 9.9%

Mortgages 392

Mortgages Fixed-rate mortgage Loans Residential 392

Housing Wire

NOVEMBER 9, 2022

Potential homebuyers stayed on the sidelines for mortgages amid the Federal Reserve ’s announcement of another interest rate hike. The Mortgage Bankers Association (MBA) survey shows that the mortgage composite index for the week ending Nov. Mortgage loan application volume plummeted 70.3% The index dropped 41.4%

Mortgages 346

Mortgages Fixed-rate mortgage Loans Residential 346

Housing Wire

JULY 27, 2022

Borrowers’ demand for mortgage loans decreased for the fourth consecutive week to the lowest level in more than two decades, according to the Mortgage Bankers Association (MBA). The market composite index, a measure of mortgage loan application volume, declined 1.8% retail residential mortgage applications.

Mortgages 368

Mortgages Fixed-rate mortgage Loans Sales 368

Housing Wire

MARCH 9, 2022

Mortgage applications jumped 8.5% for the week ending March 4, as mortgage rates dropped for the first time in three months as a result of Russia’s war in Ukraine, the Mortgage Bankers Association (MBA) reported on Wednesday. Borrowers’ demand for mortgages increased across the board. mortgage points.

Mortgages 369

Mortgages Fixed-rate mortgage Loans Investor 369

Housing Wire

MARCH 15, 2023

The Silicon Valley Bank and Signature Bank failures that occurred over the last week have caused even more uncertainty within the mortgage industry. Still, homebuyers took advantage of declining rates provoked by the turbulence and applied for home loans. ” The latest Mortgage Bankers Association (MBA) survey proved Deitch right.

Banks 347

Banks Mortgages Fixed-rate mortgage Loans 347

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% Before the Federal Reserve raised the federal funds rate by 0.75 Will Savage, an LO at PMC Mortgage.

Mortgages 397

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 397

Housing Wire

OCTOBER 27, 2022

Mortgage rates have surged firmly above the 7% mark, making alternatives such as temporary rate buydowns and down payment assistance programs more popular, according to loan officers. A year ago at this time, rates averaged 3.14%. United Wholesale Mortgage (UWM) launched the product in August.

Mortgages 343

Mortgages Fixed-rate mortgage Loan Officer Seller concession 343

Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. The Federal Reserve recently signaled plans to slash interest rates three times in 2024, shifting toward the next phase in its monetary policymaking. “It There’s still going to be a lag.

Mortgages 437

Mortgages Loan Officer Loans Equity 437

Housing Wire

MAY 3, 2023

In turn, economists and housing industry experts have now turned their attention toward the June meeting, as that decision will dictate the future movement of mortgage rates. The Fed’s move on Wednesday was well anticipated and should not cause a major shift in mortgage and other interest rates, experts noted.

Mortgages 345

Mortgages Debt-to-income ratio Banks Fixed-rate mortgage 345

Calculated Risk Real Estate

MARCH 18, 2024

It is some of the “want to sell” group that has been locked in with the golden handcuffs over the last couple of years, since it is financially difficult to move when your current mortgage rate is around 3%, and your new mortgage rate will be in the 6 1/2% to 7% range. Batzer Jonah R. Coste William M.

Fixed-rate mortgage 111

Fixed-rate mortgage Mortgages Equity Title 111

Housing Wire

SEPTEMBER 22, 2022

New York-based Unlock Technologies , a fintech operating in the shared-equity market, and real estate investment firm Saluda Grade , have closed a $180 million private-label securitization (PLS) backed entirely by Unlock-originated residential home-equity agreements (HEAs). 21, according to Mortgage News Daily.

Equity 352

Equity Marketing Fixed-rate mortgage Finance 352

Housing Wire

NOVEMBER 10, 2022

Mortgage lenders have imposed new rounds of layoffs in the fourth quarter, reflecting a dreadful landscape for originators. . This week, the latest Freddie Mac weekly survey data showed that the 30-year fixed-rate mortgage increased to 7.08%, up 13 basis points compared to last week. A massive job cut.

Mortgages 355

Mortgages Loan Officer Banks Lending 355

Housing Wire

FEBRUARY 3, 2023

In 2020 and 2021, many homeowners refinanced, locking in historically low 30-year fixed rate mortgages. HELOCs allow homeowners to draw funds from their credit lines when they need them and typically offer lower rates than other fixed loan mortgage products and many unsecured consumer lending options.

Renovation 351

Renovation Fixed-rate mortgage Equity Finance 351

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. from $490 billion in the second quarter. year over year as of the third quarter of last year.

Equity 413

Equity Lending Banks Loans 413

Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. In early January, rates were as low as 3.4%.

Marketing 414

Marketing Fixed-rate mortgage Loan Officer Pre-approval 414

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. Mortgage executives project that number to remain steady or even tick up in the third quarter.

Mortgages 382

Mortgages Equity Loans Seller concession 382

Housing Wire

SEPTEMBER 12, 2023

Shannon Hoff, a California-based branch manager at American Pacific Mortgage (APM), finds herself both enthusiastic and cautious as she assesses the prospects of the mortgage market in the coming year. “But economists said mortgage rates should be in the 5s in the first or second quarter of 2024.”

Loan Officer 392

Loan Officer Loans Investor Mortgages 392

Realty Biz

JUNE 9, 2021

One area to keep a close eye on is whether the current surge of inflation will also bring a surge in mortgage interest rates. There is a very good reason to watch this metric because the rate of inflation traditionally remains below the rate for a 30-year mortgage. That is not the case today.

Mortgages 120

Mortgages Fixed-rate mortgage Banks Lending 120

Housing Wire

AUGUST 29, 2022

In 2021, United Wholesale Mortgage (UWM) CEO Mat Ishbia set a three-year goal to make UWM the No. Ishbia, who started running his father’s mortgage firm in 2013 and has since grown it into the country’s No. 2 lender, isn’t satisfied with second place, behind Rocket Mortgage. “I 1 lender in the country.

Equity 402

Equity Loan Officer Loans Mortgages 402

Realtor.com

MARCH 12, 2021

Getty Images Mortgage rates are on the rise after nearly a year of record lows, providing a nudge to homeowners who want to refinance but didn’t get around to it yet. Here are some questions to consider: What rate makes sense for me? The rate for a refi will vary based on the particular homeowner.

Fixed-rate mortgage 87

Fixed-rate mortgage Mortgages Closing costs Equity 87

Housing Wire

MARCH 29, 2023

Homeowners collectively nationwide now have more than $10 trillion in tappable equity (equity beyond a 20% cushion) tied up in their properties, according to the Black Knight Mortgage Monitor. The Towd Point deal involved HELOCs as well as CES loans originated by nonbanks Rocket Mortgage and Spring EQ.

Equity 327

Equity Lending Loans Banks 327

Housing Wire

JULY 27, 2022

through its Angel Oak Mortgage Trust conduit, recently unveiled its latest private-label securitization (PLS) offering — a deal slated to close in early August backed by 788 predominately non-QM loans valued at $362 million. through its affiliated companies, including real estate investment trust, or REIT, Angel Oak Mortgage Inc. .

Marketing 347

Marketing Loans Investor Mortgages 347

Realty Biz

NOVEMBER 16, 2020

I’ve been told by my older brother and others that I should take out an adjustable rate mortgage because I plan to sell my first house before the interest rate will increase. He tells me that he was able to buy a bigger house because the mortgage payments were lower with an adjustable mortgage. What do you think?

Fixed-rate mortgage 102

Fixed-rate mortgage Mortgages Loans Closing costs 102

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. As of March 8, according to Commerce Bank , the prime rate was 7.75%. rebranded as Rithm Capital ).

Equity 348

Equity Marketing Debt-to-income ratio Lending 348

Keeping Current Matters

DECEMBER 9, 2020

This is understandable since the appreciation of residential real estate is well above historic annual averages. Mortgage Bankers Association : 2%. Back in 2006, dubious adjustable-rate mortgages taxed many buyers’ budgets. Today, buyers are taking out 30-year fixed-rate mortgages. Freddie Mac : 2.6%.

Fixed-rate mortgage 250

Fixed-rate mortgage Residential Finance Mortgages 250

Real Trends

NOVEMBER 7, 2022

Claiming the mortgage interest tax deduction. To incentivize homeownership, the government offers a mortgage interest tax deduction. Let’s say you get a 30-year fixed-rate mortgage of $350,000 with a 6.5% interest rate to buy a condo. Claiming the interest deduction on second mortgages.

Fixed-rate mortgage 92

Fixed-rate mortgage Agents Equity Principal 92

Realty Biz

APRIL 11, 2022

My sister and I are close, but we don’t have any other family that we trust to give us advice. After our visit last weekend, Jenny talked to a girlfriend at work who said we need to start by getting preapproved for a mortgage. The agent is correct that interest rates are going up and it will make it much more expensive to buy a house.

Mortgages 88

Mortgages Fixed-rate mortgage Loans FHA loan 88

Realty Biz

APRIL 19, 2024

Only they have access to real estate comps, MLS listings, and local market trends that can help you buy, rent, sell, or invest in residential, commercial, or industrial real estate. The 30-year fixed-rate mortgage rate was at 6.6 Interest rates are the schemers of affordability. Suppose rates move upwards.

Marketing 90

Marketing Fixed-rate mortgage Construction Residential 90

Realty Biz

MAY 13, 2022

The combination of rising home prices and rising mortgage rates is putting a damper on buyer demand. Freddie Mac says that house prices rose 5% for the first quarter of this year and the National Association of Realtors (NAR) says prices on closed sales are up 6%. could afford a $225,000 mortgage at 2.8%.

Fixed-rate mortgage 77

Fixed-rate mortgage Marketing Mortgages Construction 77

Marco Santarelli

NOVEMBER 1, 2023

The Looming Threat of a Housing Market Crash Fears of a housing market crash are looming large, casting a shadow of uncertainty as mortgage interest rates hover near 8%. As concerns grow, investors are advised to closely monitor the housing market's unpredictable fluctuations. economy and the real estate market.

Marketing 52

Marketing Fixed-rate mortgage Construction Residential 52

RIS Media

MAY 23, 2021

This includes additional economic relief related to rental and mortgage assistance and support for small businesses. The residential real estate market is helping drive our national economic recovery, but the job is far from done. Homeownership is not just an American Dream.

Fixed-rate mortgage 96

Fixed-rate mortgage Commercial Residential Industrial 96

Realty Biz

MAY 21, 2023

Miami-Dade’s out-of-state homebuyers with a mortgage earn nearly $100,000 in median household income. Mortgage Rates Up 3 Percentage Points Vs. Last Year; Impacting Sales Miami total home sales decreased 35.5% Rates leveled off before recently rising again. Rates leveled off before recently rising again.

Sales 92

Sales Short sale Fixed-rate mortgage MLS 92

Realtor.com

MARCH 22, 2021

Getty Images As home buyers already know full well, the residential real estate market has been on a wild tear for the past few years—and the pandemic has pushed things to new, uncharted extremes. They were spurred on by record-low mortgage interest rates. Mortgage rates expected to remain low in 2021.

Marketing 145

Marketing Fixed-rate mortgage Construction Mortgages 145

Realty Biz

SEPTEMBER 23, 2021

individuals and companies moving to South Florida, and record-low mortgage rates continue fueling transactions, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system. The falling number of homeowners in mortgage forbearance will also bring about more inventory. million to $1.1

Sales 104

Sales Fixed-rate mortgage Short sale Equity 104

Realty Biz

DECEMBER 26, 2022

“This influx of people and companies moving into our region, coupled with the ratio of cash buyers which is nearly double the national average should continue to shield Miami from the impact of high mortgage rates as the Fed continues its mandate to tamper inflationary pressure.”. Mortgage rates averaged 3.07% in November 2021.

Sales 92

Sales Short sale Mortgages Fixed-rate mortgage 92

McKissock

MAY 30, 2023

Interest rates According to Freddie Mac, interest rates increased after a two-week decrease, with the average 30-year fixed-rate mortgage rising from 6.35% to 6.39% between May 11 and 18. As a potential recession looms, we may have reached the peak of this rate cycle, though rates are known for their volatility.

Banks 73

Banks Commercial Construction Fixed-rate mortgage 73

Realtor.com

NOVEMBER 7, 2022

to “Purchase before X date, and we’ll pay all of your closing costs.”. Incentives are also commonly offered near the end of a project when there are only a few homes left to sell, since builders might be eager to close the books. Homebuilders may offer incentives at any stage of the project’s development.

New Construction 76

New Construction Construction Finance Closing costs 76